Bitcoin Financial Service Provider Unchained Nets $60 Million in Latest Investment Round
According to reports, Bitcoin financial service provider Unchained announced the completion of a $60 million B-round financing, with Valor Equity Partners leading the investment an
According to reports, Bitcoin financial service provider Unchained announced the completion of a $60 million B-round financing, with Valor Equity Partners leading the investment and NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners participating.
Bitcoin Financial Services Provider Unchained Announces Completion of $60 million Series B Financing
In a series of reports, Bitcoin financial provider Unchained announced that it had successfully completed its latest investment round, having raised $60 million. The financing round was spearheaded by Valor Equity Partners while other firms such as NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners also participated. This latest development firmly announces Unchained’s position in the cryptocurrency industry and its capabilities as a financial service provider.
Background
Founded in 2016, Unchained serves clients in the cryptocurrency industry by offering financial services such as trading and custody, as well as hedge fund management. This latest B-round financing will be used for developing the company’s technology, products and scaling up its operations. According to reports from Unchained, the firm’s trading volumes surged to over $2 billion at the beginning of the year, making it a key player in the cryptocurrency industry.
The Investors
Leading the investment round for Unchained was Valor Equity Partners, a Chicago-based investment firm that has been known for investing in top-performing technology startups. Valor’s participation in the investment round further cements its reputation as a leading venture capital firm in the technology sector. Other investors such as NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners also participated in the financing round, describing Unchained as having tremendous potential to impact the cryptocurrency industry.
Impact on the Cryptocurrency Industry
Unchained’s latest investment round of $60 million is a show of confidence in the company’s ability to be a major player in the cryptocurrency industry. This development is indicative of the increasing investor interest in the cryptocurrency industry and the potential for profitability in the long term. This investment will help Unchained provide more financial services, targeting both institutional and individual investors in the cryptocurrency space.
Conclusion
Unchained’s latest investment round of $60 million, with Valor Equity Partners leading the investment, is an indicator of the growing demand for financial service providers in the cryptocurrency industry. This substantial investment will provide Unchained with the necessary funds for innovative developments and further scale-up, positioning it as a dominant player in the sector.
FAQ
#What is Unchained financial services?
Unchained offers a range of financial services such as trading and custody, as well as hedge fund management to clients in the cryptocurrency industry.
#Who led the investment round for Unchained?
Valor Equity Partners led Unchained’s latest financing round.
#What will Unchained use the funds for?
The funds will be put towards developing the technology and products of Unchained, as well as scaling up operations to provide better financial services to its clients.
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